# Loan amortisation

> Level payment solved, then walked in minor units so the last payment clears the balance exactly.

Source: https://lopifi.com/tools/loan
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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- **Group:** Schedules

## Inputs

- `principal` — Principal
- `rate` — Annual rate %
- `months` — Term (months)
- `balloon` — Balloon
- `start` — Funded on (Payments are monthly in arrears: the first falls one month after this date.)
- `currency` — Currency (ISO 4217 code — sets the decimals: JPY 0, USD 2, KWD 3.)

Runs entirely in the browser: no network call, no data leaves the page. The same definition powers the Lopifi Tools Chrome extension.